Tesla’s Model Y and Model 3 exportation from Gigafactory Shanghai accounts for half of China’s electric vehicle exportation during the first half of 2022. When Tesla first announced its plan to build a giant electric car factory in Shanghai, CEO Elon Musk said it was solely to supply China’s local demand for electric vehicles and… Continue reading Tesla accounts for half of China’s electric vehicle exportations
Tag: Geely
Saudi wealth fund to become Aston Martin’s second-largest shareholder with 17% stake
Aston Martin‘s shares jumped 20% on Friday after the British luxury carmaker announced an capital raising that will see Saudi Arabia’s Public Investment Fund (PIF) become its second-largest shareholder with an almost 17% stake. PIF’s 78 million pound investment, together with a 575 million pound rights issue, will allow the 109-year-old company lower its debt and… Continue reading Saudi wealth fund to become Aston Martin’s second-largest shareholder with 17% stake
German Manager Magazin: Acea sales figures for Volkswagen, BMW, Mercedes: weak first half of the year for Europe’s auto industry001922
The European car market continues to stutter in the face of a lack of delivery parts. In June, new car registrations in the European Union (EU) continued their weak record of the previous months, with a total of 886,510 vehicles, fewer new cars were registered than in a month since 1996, as the industry association… Continue reading German Manager Magazin: Acea sales figures for Volkswagen, BMW, Mercedes: weak first half of the year for Europe’s auto industry001922
Aston Martin to raise £653mn as Saudi Arabia becomes major shareholder
Luxury carmaker rejects funding offer from China’s Geely and former owner Investindustrial Go to Source
Steelmakers explore hydrogen to power energy-hungry processes
Receive free Hydrogen power updates We’ll send you a myFT Daily Digest email rounding up the latest Hydrogen power news every morning. Hydrogen’s role in the decarbonisation of heavy industries is about to be put to the test. Recent months have seen a surge in global companies unveiling pilot schemes aimed at demonstrating the potential… Continue reading Steelmakers explore hydrogen to power energy-hungry processes
Fuel cells show greatest promise in aviation
Receive free Hydrogen vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Hydrogen vehicles news every morning. On land, sea and air, proponents of fuel cells are promoting their favoured zero-carbon energy source. Cars and commercial vehicles, boats and aircraft are today generating propulsive power by passing hydrogen through electrochemical… Continue reading Fuel cells show greatest promise in aviation
Geely’s Radar unveils electric pickup for nature lovers
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WattEV Secures Funding to Accelerate Heavy-Duty EV Truck-as-a-Service Fleet Deployment in Southern California
WattEV will use funding from the “Last-Mile Freight Program” of the Southern California Association of Governments (SCAG) towards the purchase of 20 of its initial fleet of 50 Volvo VNR Electric Class 8 heavy-duty trucks. This move will help accelerate the deployment of emission-free freight-hauling in the six Southern California counties that make up SCAG’s… Continue reading WattEV Secures Funding to Accelerate Heavy-Duty EV Truck-as-a-Service Fleet Deployment in Southern California
Volvo Trucks Constructing California Electrified Charging Corridor for Medium- and Heavy-Duty Electric Vehicles
“This project will open the door to a truly electrified freight future in which zero-tailpipe emission medium- and heavy-duty trucks are no longer limited to short-mileage, return-to-base operations and can reach far and wide across the state,” said Peter Voorhoeve, president, Volvo Trucks North America. “We are excited to begin construction of the Electrified Charging… Continue reading Volvo Trucks Constructing California Electrified Charging Corridor for Medium- and Heavy-Duty Electric Vehicles
CEAT’s SportDrive promises plenty
CEAT has launched an ultra-high-performance tyre range – CEAT SportDrive and CEAT SportDrive SUV for the luxury car segment in India. Originally introduced in 2017, the product has been customised for Indian roads. SportDrive tyres have been developed specifically for the luxury sedans and SUVs in the Indian automotive market and has been crafted to ensure superior control… Continue reading CEAT’s SportDrive promises plenty